08-02-2024 12:42 PM | Source: IANS
RBI allows hedging of gold price risk in IFSC
The Reserve Bank of India (RBI) has decided to allow hedging of gold price risk in the Over the Counter (OTC) Market in the International Financial Services Centre (IFSC).
The step has been taken with a view to providing flexibility to resident entities to hedge their exposures to gold price risk efficiently, the RBI said on Thursday.
Resident entities were permitted, in December 2022, to access recognised exchanges in the International Financial Services Centre (IFSC). The hedging facility will now provide them more flexibility and easier access to derivative products in hedging their exposure to gold prices, the RBI said.
Latest News
Centre launches portal for nurturing skill developme...
Hyundai, Kia`s Europe sales down 7.5 pc in October
AI-powered voice analysis may revolutionise early di...
Rohit Sharma to join Indian team in Australia on Sunday
Evening Roundup : A Daily Report on Bullion Energy &...
Buy Copper Above 825 SL Below 821 TGT 830/833 - Axis...
Over 9 in 10 Indian leaders anticipate an increase i...
Evening Track : Renewed Geopolitical uncertainty fue...
Mahayuti government is going to be formed: Shiv Sena...
Everything will get clear on the 23rd: BJPs Rahul Na...